The document discusses the concept of technical debt, which refers to design compromises or shortcuts taken when developing software that result in technical quality issues down the line. It notes that some level of technical debt can be acceptable as an investment if incurred proactively, and discusses strategies for managing debt like test-driven development, refactoring, and prioritizing fixes for the most expensive issues. The key messages are to only take on debt when necessary, track and pay it down over time through refactoring, and limit work in progress to avoid accumulating too much debt.